This signing was held virtually with the participation of PV GAS General Director Duong Manh Son, Executive Vice President and Chief Operating Officer of the AES Corporation Bernerd Da Santos, and officials from the Vietnamese and U.S. governments. The event came near the one-year anniversary of the historic agreement the AES Corporation signed with the Vietnamese Government to build the 1.8-billion-USD Son My 2 combined cycle gas turbine (CCGT) power plant.

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The signing is held virtually.

Speaking at the event, PV GAS General Director Duong Manh Son thanked relevant agencies of the Vietnamese Government and congratulated the working groups of PV GAS and AES Corporation on their successful collaboration. He believed that the Son My LNG Import Terminal Project will help meet the demand for gas and power in the southern key economic regions and the whole country in general, thereby ensuring national energy security.

The Son My LNG Import Terminal Project will be located in the South Central province of Binh Thuan with a total capacity of up to 450 TBtu. It will supply gas to newly-built gas-fired power plants with the capacity of about 4,500 MW, other existing gas-fired power plants, and industrial customers. Together, the 2.2 gigawatt power plant and terminal will play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG as well as meeting the country’s increasing demand for sustainable and affordable electricity.

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The project has a total investment cost of 1.4 billion USD.

AES is a U.S. energy corporation based  in Virginia. It has been listed among the top 500 largest corporations in the U.S. selected by the Fortune magazine and one of the leading companies in the energy sector across the globe. The group has experience in manufacturing and distributing electricity around the world and in building infrastructure in the gas industry. In Vietnam, it has successfully and effectively operated since 2010 and has invested in Mong Duong Power Plant 2 [with the capacity of 1,150 MW] in Quang Ninh province. AES has also been approved by the Vietnamese Government to be an investor in Son My 2 Power Plant project using LNG, and together with PV GAS, to invest in LNG Son My Import Terminal Company project.

Translated by Trung Thanh